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good point which is because of the fact we have a credible plan to get on top of debt to get on top of deficit to show you how i will pay we have record low interest rates low interest rates which would describe the shadow jones that is the key test of economic credibility this is propaganda from david cameron because more than half of the bonds that the government is selling is bought by the government it's called debt monetization which they don't call that monetization because they put it through the shadow banking system the global slush fund and they say no we didn't monetize that debt it went into the shadow banking system and we don't know who bought that debt wink wink because you can't government is buying its own debt so the tory government the coalition government is setting itself up to being in power during the spectacular crash of the guilt market the bond markets trading in the three hundred year high this is the biggest bubble since the tulip bulb bubble the south sea bubble the mississippi company bubble the nikkei bubble the nasdaq bubble the u.k. gilt bubble is the biggest b
good point which is because of the fact we have a credible plan to get on top of debt to get on top of deficit to show you how i will pay we have record low interest rates low interest rates which would describe the shadow jones that is the key test of economic credibility this is propaganda from david cameron because more than half of the bonds that the government is selling is bought by the government it's called debt monetization which they don't call that monetization because they put it...
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and spending about something in the order of you know two hundred three hundred billion dollars the deficit to about one and a half trillion and what that government spending did by bit fun and spending it encouraged the private sector to slow down the leverage ing so that's why we bounced up we now look like we're. looks ok in america it's only because the government still spending one of the half trillion dollars in the bad economy above what it rings in tax receipts now if they go the other direction not only would the government contribution go down but the private sector will probably start the leverage again that leads me to my second little child ok this is before we get into it let's go back to the beginning of what you've just saying there is arms and put it in context you wrote a book called the punk economics and you're saying that traditionally certain things are not included in the modeling of the economy and it goes back to what people's definition of money is bring that back again because in your definition of money you include things like debt i include the capacity of the p
and spending about something in the order of you know two hundred three hundred billion dollars the deficit to about one and a half trillion and what that government spending did by bit fun and spending it encouraged the private sector to slow down the leverage ing so that's why we bounced up we now look like we're. looks ok in america it's only because the government still spending one of the half trillion dollars in the bad economy above what it rings in tax receipts now if they go the other...
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more workers and businesses make more money more tax revenue comes into the government pays down our deficit this is econ one hundred one so the question is why are people still opposed to the government investing in our national infrastructure let's ask austin piers libertarian commentator and director of production of freedom or it's a go back thank you for having me glad to have you with us what is it about the difference between spending and investment that libertarians don't get well because nobody said that that investment that roads are actually an investment you have to understand you know if you know how capitalism works if you know how that works then roads we're going tom we don't need roads and you have to understand in our advanced economy today that there is not a lot of reason not to have roads and have the capital that is going to give us all of but a large jets and that's right absolutely absolutely and if you look at pax right and if you look at north korea if you think that it's going to roads build an economy they have plenty of wide open eight lane highways but they have
more workers and businesses make more money more tax revenue comes into the government pays down our deficit this is econ one hundred one so the question is why are people still opposed to the government investing in our national infrastructure let's ask austin piers libertarian commentator and director of production of freedom or it's a go back thank you for having me glad to have you with us what is it about the difference between spending and investment that libertarians don't get well...